DOCSLIB.ORG

The Wealth Report by Knight Frank

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
The Wealth Report by Knight Frank The global perspective on prime property and investment THE WEALTH REPORT 2017 REPORT THE WEALTH 2017 11th Edition THE WEALTH REPORT THE WEALTH REPORT WELCOME TO The Wealth Report 11th Edition The Wealth eading the 11th edition of The Wealth Report and looking Report 2017 ahead to the rest of 2017, there is no doubt that the world COMMISSIONED BY is at a crossroads. Lord Andrew Hay R As the report enters its second decade, the global milestones of 2017 will include the first year of Donald Trump’s WRITTEN BY Knight Frank Research presidency, the opening overtures of the UK’s Brexit negotiations, pivotal German and French elections and a critical succession DESIGNED BY of power in China. All have the potential to be as far reaching Knight Frank Creative and influential on wealth creation and wealth flows as the global PRINTED BY financial crisis, which defined the first decade Theof Wealth Report. Optichrome In this time of rapid change and volatility, Knight Frank remains independent and committed to matching people and property Knight Frank Sub-editor perfectly, identifying and understanding residential and commercial EDITOR Louise Bell, Sunny Creative property opportunities in key global markets, and working increasingly Andrew Shirley closely with our clients, both new and long standing. To achieve this, we have three unwavering points of focus: GLOBAL HEAD OF RESEARCH Photography Liam Bailey Portraits of Lord Andrew Hay, • Market-leading research, providing our clients with the Liam Bailey and Andrew Shirley deepest insight RESEARCH by John Wright • An industry-leading technology platform, keeping our Gráinne Gilmore Anthony Duggan Calvin Klein Villa by Bruce Weber clients informed and enabling them to transact efficiently Kate Everett-Allen Georgio Armani Yacht by Frederike Helwig • A total commitment to outstanding client service, James Roberts Selected images by Getty delivered by the best professionals. BUSINESS DEVELOPMENT Binding together these strands of our DNA is an ever growing Sarah May-Brown Illustration network. Last year, in response to client demand, we opened a new Benjamin Flouw office in the Philippines and further offices in London, Germany and GROUP HEAD OF MARKETING, the Alps, as well as re-establishing an exceptional team in Shanghai. COMMUNICATIONS AND DIGITAL Infographics Fiona O’Keefe Our new Family Office initiative is driven by our clients’ growing Nicholas Felton emphasis on wealth preservation as much as wealth creation. GLOBAL PUBLICATIONS MANAGER CatalogTree Quiddity Media Holly Harvey Definitions For this audience in particular, this report is essential as it delivers insight and advice not just for the coming year, but for HEAD OF CORPORATE UHNWI the next decade. For those readers who have yet to work with us, COMMUNICATIONS Now Available Ultra-high-net-worth individual View and properties Alice Mitchell The Wealth Report – someone with a net worth of The Wealth Report offers an insight into the thought leadership that from around the world on your device today. over US$30m excluding their underpins the service provided by our transactional, consultancy, HEAD OF RESIDENTIAL PR primary residence investment and valuation teams, based in 413 offices in 60 countries Daisy Ziegler around the world. HNWI CREATIVE DESIGN LEAD High-net-worth individual – I hope that you find the report illuminating and thought provoking. Christopher Agius someone with a net worth of For some, it will raise as many questions and possibilities as it DESIGNER over US$1m excluding their answers. Do please get in touch so that we can help you address primary residence Mia Birchall any requirements or challenges you may have. The Wealth Report will be updated over the coming months as PRIME PROPERTY The most desirable and most we pass through the changing landscape of 2017. It promises to be expensive property in a given a fast-moving year and we would be delighted to work with you to location, generally defined as guide you through it. the top 5% of each market by value. Prime markets often have a significant ALL KNIGHT FRANK CONTACTS: international bias in terms LORD ANDREW HAY [email protected] KnightFrank.com/WealthReport of buyer profile GLOBAL HEAD OF RESIDENTIAL 1 | KNIGHTFRANK.COM THE WEALTH REPORT Contents 04. 29. 61. From the Property Trends Databank GOING UP, GOING DOWN NEIGHBOURHOOD WATCH The numbers behind the trends, Editor This year’s PIRI 100 sees the gap between the top A round-up of the world’s hottest new zones, including all the findings from performers and the rest of the pack growing wider quarters, barrios and ’burbs this year’s Attitudes Survey With thought-provoking contributors, • page 30 • page 36 in-depth analysis and detailed data, The Wealth Report offers a unique HOME COMFORTS MANY HAPPY RETURNS insight into what matters to UHNWIs How many houses, where and why? Why commercial property is The latest prime property purchase trends putting a smile on investors’ faces • page 34 • page 40 FUTURE VIEW A FAMILY AFFAIR The global trends shaping the future Insights from the first ever Knight Frank of the prime property market Family Office Investment Trends survey 06. • page 35 • page 42 The Big RIGHT PLACE, RIGHT TIME With the surge in online shopping comes a wave of opportunities in a new sector: urban logistics Interview • page 44 Eurasia Group’s Ian Bremmer HOT PROPERTY on why an independent America Where’s next? Our guide to the most tops his list of geopolitical risks happening commercial property hubs facing the world in 2017 • page 46 49. 10. Luxury Global Spending Wealth Trends LIQUID ASSETS Trends It’s a good year for wine, according to the Knight Frank Luxury Investment Index UNCERTAINTY RULES • page 50 What next for wealth creation in a post-truth world? ALL PASSION SPENT • page 12 Our brief guide to investing in luxury assets promises more pleasure, less pain NEW HORIZONS • page 54 Our experts predict the next wave of wealth creation hotspots THE EXPERIENCE ECONOMY • page 16 The luxury investments bringing benefits that money simply can’t buy WORLD IN MOTION • page 56 Tracking and regulating wealth flows is moving up the agenda • page 18 BARRIERS AND OPPORTUNITIES From Blockchain to Brexit, the factors driving the movement of wealth and the wealthy • page 20 CITYSCAPE Mapping the cities that matter most to the world’s wealthy • page 22 A QUESTION OF PRIORITIES 68. From private jets to public schools – and making philanthropy count Final word • page 24 Privacy is fast becoming an unattainable luxury, says Liam Bailey 2 | KNIGHTFRANK.COM 3 | KNIGHTFRANK.COM THE WEALTH REPORT From the Editor Bogotá Buenos Aires Mexico City Rio de Janeiro Miami Barcelona São Paulo Madrid Brussels Cape Town Barbados From the editor Abu Dhabi Chicago Houston Geneva Edinburgh Dublin Cannes Dusseldorf Tel Aviv From geopolitical shifts to luxury spending trends, Atlanta Toronto The Wealth Report 2017 brings together the latest Seoul intelligence and the sharpest insights into the issues Dallas New York Munich Seattle Hamburg that matter most to the world’s wealthiest people London Berlin Los Angeles Doha Amsterdam Moscow Rome Vancouver Istanbul Zurich Milan San Francisco Paris Frankfurt Chennai Riyadh Auckland Mumbai Dubai Singapore Sydney Bengaluru Delhi Melbourne Tokyo Hong Kong Phuket Muscat Bali Jakarta Bangkok Washington DC Kuala Lumpur Osaka Manila Ho Chi Minh City Taipei Shanghai Beijing Fuzhou Dalian Guangzhou Nanjing Qingdao Chengdu Hangzhou Tianjin Chongqing Wuhan Shenzhen Xian Wenzhou diting The Wealth Report is always an interesting journey. Ideas that seemed timely when we first sat IN-DEPTH DATA down to plan the content are often overtaken by events E and, much to the chagrin of our long-suffering design Number obsessives should make team, we find ourselves updating articles hours before the print the Databank section (page 61) their deadline to ensure they are as relevant as possible to our readers. first port of call. Our detailed wealth The past 12 months have seen more than their fair share of THOUGHT-PROVOKING distribution data produced by New political and economic upheaval, the implications of which we CONTRIBUTORS UNIQUE UHNWI INSIGHT World Wealth is a vital source of have tried to capture throughout the report. The following is a intelligence for anybody involved with selection of my personal highlights from the 2017 edition that Although The Wealth Report is Our annual Attitudes Survey, which the wealth industry, while information show why I believe The Wealth Report is uniquely placed to keep underpinned by our own expertise, this year is based on responses from like our guide to the world’s most PRIME PROPERTY its readers ahead of the curve in these volatile times. we also like to share thought- almost 900 of the world’s leading popular private jet routes – obtained by MARKET EXPERTISE provoking insights and perspectives private bankers and wealth advisors, crunching literally millions of figures from leading industry commentators lies at the heart of The Wealth Report – gives a fascinating insight into the Although the range and depth of ANDREW SHIRLEY EDITOR, THE WEALTH REPORT and influential UHNWIs – a certain and offers a unique perspective habits of the wealthy. The findings content featured in The Wealth Report Donald J Trump featured in 2008 – on the investment decisions and of our own proprietary research are clearly highlights that Knight Frank and the 2017 edition is no exception. lifestyle choices of the world’s scattered throughout the report. Our understands not just the property A number of our contributors have wealthiest individuals. The survey’s new City Wealth Index on page 22, for needs of its clients, but also their wider THE BIG PICTURE AND THE DETAIL recently published successful books: findings are featured throughout example, reveals the most important interests and aspirations, property in the light of recent events, both the report and are also broken down urban hubs for the wealthy, while the remains the bedrock of the report.
Load more

Recommended publications
  • Macbeth Silly Shakespeare Sample
    ISBN: 978-1-948492-74-4 Copyright 2020 by Paul Murray All rights reserved. Our authors, editors, and designers work hard to develop original, high-quality content. Please respect their efforts and their rights under copyright law. Do not copy, photocopy, or reproduce this book or any part of this book for use inside or outside the classroom, in commercial or non-commercial settings. It is also forbidden to copy, adapt, or reuse this book or any part of this book for use on websites, blogs, or third-party lesson-sharing websites. For permission requests or discounts on class sets and bulk orders contact us at: Alphabet Publishing 1204 Main Street #172 Branford, CT 06405 USA [email protected] www.alphabetpublishingbooks.com For performance rights, please contact Paul Murray at [email protected] Interior Formatting and Cover Design by Melissa Williams Design Summary acbeth (or The Tragedy of Macbeth to give it its full Mtitle), believed to be first performed in 1606, is one of Shakespeare’s most famous and widely performed plays. Some say that the play is cursed because of the way in which it portrays the witches and so tradition has it that the name of the play should not be spoken in theatre; instead it is referred to simply as ‘the Scottish play’. *** The Scottish play begins with the brief appearance of a trio of witches who act as the narrators for this version of the play, appearing between each scene. It then moves to a military camp, where the Scottish King Duncan hears the news that his generals, Macbeth, and Banquo, have defeated two separate invading armies—one from Ireland and one from Norway.
    [Show full text]
  • Only Yesterday in Jakarta: Property Boom and Consumptive Trends in the Late New Order Metropolitan City
    Southeast Asian Studies, Vol. 38, No.4, March 2001 Only Yesterday in Jakarta: Property Boom and Consumptive Trends in the Late New Order Metropolitan City ARAI Kenichiro* Abstract The development of the property industry in and around Jakarta during the last decade was really conspicuous. Various skyscrapers, shopping malls, luxurious housing estates, condominiums, hotels and golf courses have significantly changed both the outlook and the spatial order of the metropolitan area. Behind the development was the government's policy of deregulation, which encouraged the active involvement of the private sector in urban development. The change was accompanied by various consumptive trends such as the golf and cafe boom, shopping in gor­ geous shopping centers, and so on. The dominant values of ruling elites became extremely con­ sumptive, and this had a pervasive influence on general society. In line with this change, the emergence of a middle class attracted the attention of many observers. The salient feature of this new "middle class" was their consumptive lifestyle that parallels that of middle class as in developed countries. Thus it was the various new consumer goods and services mentioned above, and the new places of consumption that made their presence visible. After widespread land speculation and enormous oversupply of property products, the property boom turned to bust, leaving massive non-performing loans. Although the boom was not sustainable and it largely alienated urban lower strata, the boom and resulting bust represented one of the most dynamic aspect of the late New Order Indonesian society. I Introduction In 1998, Indonesia's "New Order" ended.
    [Show full text]
  • An Empirical Analysis of Malaysian Housing Market: Switching and Non-Switching Models
    Lincoln University Digital Thesis Copyright Statement The digital copy of this thesis is protected by the Copyright Act 1994 (New Zealand). This thesis may be consulted by you, provided you comply with the provisions of the Act and the following conditions of use: you will use the copy only for the purposes of research or private study you will recognise the author's right to be identified as the author of the thesis and due acknowledgement will be made to the author where appropriate you will obtain the author's permission before publishing any material from the thesis. An Empirical Analysis of Malaysian Housing Market: Switching and Non-Switching Models A thesis submitted in partial fulfilment of the requirements for the Degree of Doctoral of Philospohy in Finance at Lincoln University by Zaemah Zainuddin Lincoln University 2010 Abstract of a thesis submitted in partial fulfilment of the requirements for the Degree of PhD in Finance.ct AN EMPIRICAL ANALYSIS OF MALAYSIAN HOUSING MARKET: SWITCHING AND NON-SWITCHING MODELS by Zaemah Zainuddin Increasing inflows of foreign investment particularly in the real estate sector in the early 1990s, has contributed to the building up of “bubble” in the economies of several Asian countries. In 2004, house prices increased rapidly in several countries such as South Korea, Hong Kong and Singapore (World Report, 2004). The rapid increase in prices has led economists to believe that a ‘bubble’ has form in the housing market. A housing market bubble occurs when house price increases are not justified by macroeconomic fundamentals and other underlying factors (Xia and Tan 2006).
    [Show full text]
  • The Executive Summary of Our Real Estate Report
    “THE SKY’S THE LIMIT“. BUT IS THIS STILL TRUE FOR TODAY’S REAL-ESTATE MARKETS? The bank for a changing world Highlights of the report The past can be used to suggest many things, with history City of London fell by 6%, sacrificing equity appreciation believed to repeat itself. Some examples: returns even more (depending on leverage, source: CBRE United Kingdom Monthly Index of July 2016). In “Property values will fall if interest rates rise”. Which addition, Norway’s sovereign wealth fund did not await interest rates? Nominal rates? Real rates? What type of convincing property data to revise down the value of property: prime or secondary? Which areas? its UK holdings by 5% in the second quarter. And the Brexit outcome was very tough for the UK’s open- “Property cycles are linked to economic cycles”. Is ended property funds, as 7 large property vehicles had the relationship between economic fundamentals and to suspend trading almost straightaway amid volatile real estate performance clearly defined? Are capital market conditions. markets capable of distorting this linkage? Has property management progressed more professionally in recent • The performance of the world’s major housing years, allowing for better performances anyway? markets is dispersed to an increasing extent, marking a differentiated price pattern. Hong Kong’s overvalued “UK property markets will suffer a disastrous slump due residential market saw property prices tumble by to Brexit as they did in the early nineties.” Are UK interest around 30% between October and July 2016 (depending rates hovering at similar levels presently? Can the impact on sources).
    [Show full text]
  • Macbeth Character Card Sort
    Macbeth Character Card Sort SORT OUT THE CARDS INTO TWO PILES AND USE THE DESCRIPTIONS TO MATCH UP THE CHARACTER AND THE CORRECT NAME THE THREE WITCHES MACBETH LADY MACBETH BANQUO DONALBAIN MALCOLM LENNOX THE PORTER ROSS LADY MACDUFF MACDUFF DUNCAN FLEANCE © 2003 www.teachit.co.uk m237char Page 1 of 5 Macbeth Character Card Sort These characters add an element of Thane of Glamis and Cawdor, a general supernatural and prophecy to the play. in the King's army and husband he is a They each have a familiar, such as basically good man who is troubled by Graymalkin and Paddock, and are his conscience and loyalty though at the commanded by Hecate, a Greek goddess same time ambitious and murderous. He of the moon and witchcraft. They can is led to evil initially by the witches' use sieves as boats, and they can predictions and then by his wife's become an animal. They are described goading, which he gives into because he as having beards but looking human. loves her so. This woman is a good wife who loves her Thane of Lochaber, a general in the husband. She is also ambitious but lacks King's army. This man is the opposite the morals of her husband. To achieve of Macbeth, showing an alternate her ambition, she rids of herself of any reaction to prophecy. He keeps his kindness that might stand in the way. morals and allegiances, but ends up However, she runs out of energy to dying. He is brave and ambitious, but suppress her conscience and kills this is tempered by intelligence.
    [Show full text]
  • The Earldom of Ross, 1215-1517
    Cochran-Yu, David Kyle (2016) A keystone of contention: the Earldom of Ross, 1215-1517. PhD thesis. http://theses.gla.ac.uk/7242/ Copyright and moral rights for this thesis are retained by the author A copy can be downloaded for personal non-commercial research or study This thesis cannot be reproduced or quoted extensively from without first obtaining permission in writing from the Author The content must not be changed in any way or sold commercially in any format or medium without the formal permission of the Author When referring to this work, full bibliographic details including the author, title, awarding institution and date of the thesis must be given Glasgow Theses Service http://theses.gla.ac.uk/ [email protected] A Keystone of Contention: the Earldom of Ross, 1215-1517 David Kyle Cochran-Yu B.S M.Litt Submitted in fulfilment of the requirements for the Degree of Ph.D. School of Humanities College of Arts University of Glasgow September 2015 © David Kyle Cochran-Yu September 2015 2 Abstract The earldom of Ross was a dominant force in medieval Scotland. This was primarily due to its strategic importance as the northern gateway into the Hebrides to the west, and Caithness and Sutherland to the north. The power derived from the earldom’s strategic situation was enhanced by the status of its earls. From 1215 to 1372 the earldom was ruled by an uninterrupted MacTaggart comital dynasty which was able to capitalise on this longevity to establish itself as an indispensable authority in Scotland north of the Forth.
    [Show full text]
  • Man-Made Island Not Yet Clear for Launch
    Volume 14 Issue 21 News Desk - Tel: 076-236555 May 26 - June 1, 2007 Daily news at www.phuketgazette.net 25 Baht The Gazette is published Teenager dies in association with Man-made island not in night of yet clear for launch gang violence IN THIS ISSUE By Sompratch Saowakhon NEWS: Tsunami evacuation By Stephen Fein PHUKET CITY: One teenager drills set; Film Fest coming; died on May 20 after a night of Princess visits Phuket. PHUKET: Following reports that gang threats and retaliations Pages 2 & 3 a man-made island was set to be ended in a fatal shooting. The 17- built off the east coast of Phuket year-old victim, Kanchit “Phai” INSIDE STORY: Phi Phi ferry to accommodate a marina for Trupsin, was found at 3 am out- fire. Pages 4 & 5 super-yachts, the Marketing side Muslim Puenrak restaurant AROUND THE REGION: Rough Manager at Royal Phuket Ma- on Anuphas Phuket Kan Rd. weather emergency force. rina clarified that the project is Police were told the inci- Page 7 still in the early planning stages dent began when a passenger and faces many obstacles before riding pillion on a motorbike AROUND THE SOUTH: Security the island can rise from the sea. drove past a group of about 30 force budget request halved. RPM Marketing Director youths in Saphan Hin and pointed Page 8 Wilaiporn Titimanaaree told the a gun at them. Although he did AROUND THE NATION: Happi- Gazette that developer Gulu Lal- not fire the weapon, the group ness index down in the vani would hold a press confer- of 30 gave chase.
    [Show full text]
  • Shakespeare's Macbeth Act 1, Scene 4 at a Camp Near the Battlefield, Malcom Tells Duncan That the Old Thane of Cawdor Confessed and Repented Before Being Executed
    Shakespeare's Macbeth Act 1, scene 4 At a camp near the battlefield, Malcom tells Duncan that the old Thane of Cawdor confessed and repented before being executed. Duncan notes that you can't always trust a man by his outward show. Macbeth, Banquo, Ross, and Angus enter. Duncan says that even the gift of Cawdor is not as much as Macbeth deserves. Macbeth responds: "The service and loyalty I owe, in doing it, pays itself" (line 22). Duncan is pleased. He says: "I have begun to pant three, and will labour to make thee full of growing" (lines 28­29). Next, he announces that Maclcom will be heir to the Scottish throne. (Kingship was not hereditary in Scotland at that time.) Duncan then adjourns the meeting and decides to spend the night at Macbeth's castle. Macbeth goes ahead to prepare for the King's visit, but notes that Malcom now stands between him and the throne. He begs the stars to "hide your fires, let not light see my black and deep desires" (line 51). In the 11th century, the Scots followed a special system for naming their kings. The king in power would choose the next ruler. (Male family members were usually chosen.) This person would then be known as the Prince of Cumberland until he was crowned. In this way, the Scots would always have a leader ready to carry on after the current king. However, this system could lead to violence. Often a man next in line to the throne was tempted to speed things up by murdering the king.
    [Show full text]
  • THE BOOK of the THANES of CAWDOR by Cosmos Innes and John Frederick Vaughn Campbell, First Earl of Cawdor, 1859 (Excerpts Showing Relationships and Events)
    THE BOOK OF THE THANES OF CAWDOR By Cosmos Innes and John Frederick Vaughn Campbell, First Earl of Cawdor, 1859 (Excerpts showing relationships and events) 1540, 15th October: At Elgin: Marriage contract of Katherine, daughter of John Campbell of Calder to Alexander Dolles, son and heir of William Dolles de Budgett. (She later married ____Lindsay, Earl of Crawford. Contract signed by Archibald Campbell, heir apparent, to Sir John Campbell of Cawdor, and Alexander Dolles of Galcantrae. Seisin take 21st October, 1540 for Katherine Campbell. 1543, 20th September: Deed by Sir John Campbell and his Lady Muriel settling on son, Alexander (second son) the Easter half of the lands of Rait. Archibald, heir and eldest son signed consent. To their third son, Donald, Sir John granted the fivepenny lands of Classscharrag with the office of baillie deputy of whole lordship of Muckarne. Charter dated at Stirling, 8th June, 1544. 1545–25th June: Sir John obtained a grant from the Bishop of Moray (Stewart), and settled on Alexander church lands of Flenesmore in Barony of Ardclaugh and Regalite of Spynie–grant signed at the Cathedral of Moray. 1545, 16th August: Crown Charter passed the half lands of Rait (Wester half), the lands of Both and the two Banquars resigned by Sir John and Dame Muriel (Campbell) in favor of their son and apparent heir, Archibald and Isabel (sometime called Elisabeth) Grant his spouse, daughter of James Grant of Freuchy in conjunct fee by a transaction with the last Calders.. (In the Spring of 1546 Sir John Campbell of Cawdor died. He was also Sheriff of Nairn when he died.) 1546/7 (actually 1547), 1st March: Fealty Service of Archibald Campbell as heir to Sir John Campbell of Cawdor, at Inverness before George, Earl of Huntly.
    [Show full text]
  • The Archipelago Economy: Unleashing Indonesia's Potential
    McKinsey Global Institute McKinsey Global Institute The archipelago economy: Unleashing Indonesia’s potential Unleashing Indonesia’s economy: The archipelago September 2012 The archipelago economy: Unleashing Indonesia’s potential The McKinsey Global Institute The McKinsey Global Institute (MGI), the business and economics research arm of McKinsey & Company, was established in 1990 to develop a deeper understanding of the evolving global economy. Our goal is to provide leaders in the commercial, public, and social sectors with the facts and insights on which to base management and policy decisions. MGI research combines the disciplines of economics and management, employing the analytical tools of economics with the insights of business leaders. Our micro-to-macro methodology examines microeconomic industry trends to better understand the broad macroeconomic forces affecting business strategy and public policy. MGI’s in-depth reports have covered more than 20 countries and 30 industries. Current research focuses on six themes: productivity and growth, financial markets, technology and innovation, urbanisation, labour markets, and natural resources. Recent research has assessed the diminishing role of equities, progress on debt and deleveraging, resource productivity, cities of the future, the future of work in advanced economies, the economic impact of the Internet, and the role of social technology. MGI is led by three McKinsey & Company directors: Richard Dobbs, James Manyika, and Charles Roxburgh. Susan Lund serves as director of research. Project teams are led by a group of senior fellows and include consultants from McKinsey’s offices around the world. These teams draw on McKinsey’s global network of partners and industry and management experts. In addition, leading economists, including Nobel laureates, act as research advisers.
    [Show full text]
  • USTR 2021 Special 301 Report
    2021 Special 301 Report Office of the United States Trade Representative ACKNOWLEDGEMENTS The Office of the United States Trade Representative (USTR) is responsible for the preparation of this Report. United States Trade Representative Katherine Tai gratefully acknowledges the contributions of staff to the writing and production of this Report and extends her thanks to partner agencies, including the following Departments and agencies: State; Treasury; Justice; Agriculture; Commerce, including the International Trade Administration and the Patent and Trademark Office; Labor; Health and Human Services, including the Food and Drug Administration; Homeland Security, including Customs and Border Protection, Immigration and Customs Enforcement, and the National Intellectual Property Rights Coordination Center; and the United States Agency for International Development. USTR also recognizes the contributions of the Office of the Intellectual Property Enforcement Coordinator, as well as those of the United States Copyright Office. In preparing the Report, substantial information was solicited from U.S. embassies around the world, from U.S. Government agencies, and from interested stakeholders. The draft of this Report was developed through the Special 301 Subcommittee of the interagency Trade Policy Staff Committee. TABLE OF CONTENTS EXECUTIVE SUMMARY .......................................................................................................... 4 SECTION I: Developments in Intellectual Property Rights Protection, Enforcement, and
    [Show full text]
  • Clan Campbell Enewsletter August 2012
    Clan Campbell eNewsletter August 2012 THIS CASTLE HATH A PLEASANT SEAT” Led by our guide, David McNicoll, and our personal piper supplied by the Dowager Countess Cawdor, a raingear-toting, bedraggled gaggle of Campbells walked under the stately trees up the avenue to Cawdor Castle, a 14th century Campbell stronghold in Nairnshire in the northeast of Scotland. The weather was cool during our trip, and although it often rained, we saw everything. And whenever the sun came out, it was glorious. Good kilt weather! The Scottish title of the Earl Cawdor of Castlemartin in the Co. of Pembroke (Wales) is “thane,” an ancient equivalent of feudal baron. (The word derives from thegn, which is a Norse title meaning a trusted servant of the king. In ancient Scotland there were 63 thanedoms.) In old Scotland a thane was often the head of a clan as well as a district administrator with power of life and death, and answerable only to God and the King. Colin Vaughan Campbell, the present 7th Earl Cawdor is the 25th Thane of Cawdor. Lord Cawdor is an architect by profession and manages the Cawdor Estates; his stepmother the Dowager Countess happened to be on hand at the time of our visit and several members of the Campbell group had a chance to meet her. She is normally in residence at Cawdor from October to May when the castle is closed to visitors. A best-selling but largely unflattering book A CHARMED LIFE: GROWING UP IN MACBETH’S CASTLE by Liza Campbell (Lady Elizabeth Campbell, older sister of the earl) tells the story of the Cawdor family in recent years.
    [Show full text]